Financial Ratio Analysis Research Articles

Analisis Prediksi Kebangkrutan Menggunakan Metode Altman Z-Score Pada PT. Dua Sahabat Sejati Borneo

The aim of this research is to analyze bankruptcy prediction using the Altman Z-Score method at PT. DSSB for the 2019-2021 period. This type of research is descriptive quantitative. Using secondary data with the research population of the financial statements of PT. DSSB period 2019–2021. The research sample is the balance sheet financial statements and profit/loss reports for the 2019–2021 period. Data analysis used analysis of financial performance ratios and bankruptcy prediction analysis Altman Z-Score (Modified Altman). The results show that from the calculation of financial performance, the liquidity ratio is below the industry standard due to an increase in trade payables in each period. The activity ratio on the company's total turnover ratio can maximize the use of assets, the working capital turnover ratio shows a negative number because the working capital owned is not enough to finance sales activities. The profitability ratio is below the industry standard due to the high cost of goods sold and high general administrative costs, as well as other expenses. In calculating the Z-Score analysis, it is always in a dangerous zone, which is a condition where a company experiences financial difficulties with high risk.
 Keywords: Financial Performance, Bankruptcy Prediction, Altman Z-Score

Pengukuran Kinerja Keuangan Koperasi Dengan Pendekatan Rasio (Studi Pada Koperasi Osseda Faolala Perempuan Nias 2019-2022)

The purpose of this research is to determine the financial performance of the Nias Women's Osseda Faolala Consumer Cooperative (K-OFPN) in Gunungsitoli City in 2019 – 2022 using the profitability ratio, liquidity ratio and solvency ratio approach.
 In this study using a type of quantitative descriptive research, namely a series of activities starting from data collection, processing and interpretation or interpreting it using financial formulas so that it can provide a clear picture of the situation under study, while the data used in this study are financial report data. from 2019-2022.
 The results of the analysis of the financial performance of the Nias Women's Osseda Faolala Consumer Cooperative (K-OFPN) using the financial ratio analysis approach are quite good, but improvements are still needed in terms of financial management.

Financial Ratios and Stock Return in the Food and Beverage Company

This study uses financial ratio analysis to investigate the company's stock returns. This study aims to determine the dominant influence of several financial ratios on stock returns. Financial ratios are helpful in evaluating relied returns. The quantitative research approach is used to analyze how financial ratios affect stock returns. The population of this study is companies in the food and beverage sector listed on the Indonesia Stock Exchange. The analysis was carried out from 2017 to 2020 using secondary data sources. Purposive sampling is used in this study, with the sample chosen based on predetermined standards and subjected to multiple linear regression analysis. The analysis' findings demonstrate that DER and TATO have no significant effect on stock returns, while CR, ROA, and ROE have a significant effect on stock returns. optimal corporate profitability is not always achieved by having too many current assets. Additionally, unproductive management of surplus and unused funds will impact declining stock returns. The results of this study indicate that idle current assets cannot generate company profitability because the current ratio is too high indicating an excess of current assets relative to fixed assets.

ANALYSIS OF REGIONAL REVENUE AND EXPENDITURE BUDGET FOR KEDIRI REGENCY DURING THE COVID-19 PANDEMIC

The existence of the Covid-19 pandemic has had an impact on all economic sectors including the financial performance of local governments. Regional financial analysis is a tool that can be used as a benchmark to assess the extent to which local government performance is managing its finances. Regional ability to manage finances is described in the form of APBD which directly or indirectly reflects the ability of local governments to finance the implementation of governmental tasks, development and community social services. The purpose of this study was to determine the financial management performance of the Regional Government of Kediri Regency based on the analysis of financial ratios in the Kediri Regency APBD. This research is a data series research, namely the Realization of APBD data for 2020 to 2022 in Kediri Regency. The analysis used is normative juristic with a descriptive approach case study method. The analysis tools used are tax ratio, per capita tax, regional fiscal space, regional dependency ratio, ratio of personnel expenditure to total regional expenditure, ratio of capital expenditure to total regional expenditure, ratio of capital expenditure to population, ratio of financial aids expenditure to total regional expenditure, idle funds, growth ratio, effectiveness ratio, and efficiency ratio. From the results of the analysis it is known that the majority of APBD performance during the Covid-19 pandemic had fluctuations.

Analisis Laporan Keuangan Guna Mengukur Kinerja Keuangan Pada PT. ACE Hardware Indonesia Tbk

The financial statements of a company are important in its use. Because, with financial reports, company management and external parties need these reports to make a decision. The main step in carrying out this decision-making is of course by first analyzing the financial statements, in order to find out whether a company's finances are healthy or not, and can also assess how the company's performance is through its financial reports. This study aims to be able to find out how the financial performance at PT. ACE Hardware Indonesia Tbk reviewed through analysis of financial ratios. The method used in this research is descriptive method by measuring liquidity ratios, solvency ratios, profitability ratios and activity ratios. Data and information sources were taken from the Indonesia Stock Exchange and parties that have previously published this analysis.

Analysis of Financial Ratio Before and During Covid-19 in Consumer Goods Industry Sector 2018-2021

This study aims to analyze whether there are differences in Liquidity, Profitability, Solvency, Activity and Market Ratios between before and during the Covid-19 pandemic in Manufacturing Companies listed on the Indonesia Stock Exchange in the consumer goods industry sector in 2018-2021. The financial ratios used are Current Ratio, Debt to Equity Ratio, Gross Profit Margin, Total Assets Turnover, and Price Earnings Ratio. The samples were 43 companies using purposive sampling method for sampling. The type of data in this study is secondary data and data collection methods with documentation obtained from financial reports sourced from the Indonesia Stock Exchange. Data analysis techniques used descriptive statistical tests, normality tests, and hypothesis testing with the Paired Sample t-Test which was supported by the Wilcoxon Signed Rank Test. Data analysis using the Descriptive Statistical Test shows a decline in financial performance in 2020-2021 as a result of the co-19 pandemic. The results of the different tests in this study show that there are differences in the Debt to Equity Ratio and Gross Profit Margin. This is because the average income has decreased compared to before the Covid-19 pandemic, and companies cannot control their production costs and debts effectively. While the ratio of Current Ratio, Total Assets Turnover and Price Earnings Ratio there is no difference. The company is able to manage its assets quite well and can stabilize its share price.

Analysis Of The Financial Performance Of The Regional Government Of Sidenreng Rappang Regency Before And After Obtaining Fair Opinion Without Exemption (WTP)

This study aims to determine a comparison of the financial performance of the regional government of Sidenreng Rappang district based on the independence ratio, effectiveness ratio, efficiency ratio, spending harmony ratio, and growth ratio. The data collection technique used in this study is Documentation. The data analysis technique in this study is a quantitative descriptive technique and analysis of financial performance ratios in the form of independence ratios, effectiveness ratios, efficiency ratios, spending harmony ratios, and growth ratios. The results showed that the level of independence indicated that Sidenreng Rappang District before and after WTP was categorized as instructive independence or where the role of the central government was still dominant compared to the role of the regions themselves. The effectiveness ratio shows that Sidenreng Rappang District before WTP and after WTP is categorized as ineffective because the average value is below 100%, this shows that the financial performance of Sidenreng Rappang Regency has not been able to achieve the goals or targets that have been set or planned. The efficiency ratio shows that Sidenreng Rappang District before WTP and after WTP is categorized as Efficient, this shows that the local government has been careful in calculating the costs incurred. The growth ratio shows that the percentages of Sidenreng Rappang Before WTP and After WTP experienced unstable percentages because the available data was still fluctuating. This is caused by the target factor and the realization of regional income receipts that vary each year. From the results of the study it is said that the hypothesis Ha is accepted and Ho is rejected or there is no difference in the financial performance of the Regional Governments before and after WTP in Sidenreng Rappang Regency.

Analisis Kinerja Keuangan Pada Rumah Sakit Umum Daerah (RSUD) Dr. Zainal Umar Sidiki Kabupaten Gorontalo Utara

This study aims to analyze the financial performance of the Regional General Hospital (RSUD) dr. Zainal Umar Sidiki, North Gorontalo Regency. This study uses quantitative methods with data analysis techniques used is financial ratio analysis. The results of the study using the cash ratio approach, current ratio, debt collection period ratio, fixed asset turnover ratio, return on assets, return on equity, inventory turnover ratio, and POBO ratio, it is obtained that the financial performance of RSUD dr. Zainal Umar Sidiki, North Gorontalo Regency, for the last three years has experienced fluctuations and it can be said that it is not yet in the good category based on standards

ANALISIS RASIO KEUANGAN UNTUK MENILAI KINERJA KEUANGAN PERUSAHAAN DAERAH AIR MINUM KABUPATEN KUPANG

The purpose of this study was to find out and analyze the Financial Performance of Regional Drinking Water Companies in Kupang Regency in terms of financial ratios (liquidity ratios, solvency ratios, activity ratios, profitability ratios) for 2018 – 2020. The data needed in this study are financial reports. The data collection techniques used are documentation and interviews. The data analysis technique used is financial ratio analysis based on the Decree of the Minister of Home Affairs Number 47 of 1999. Financial performance is assessed on a rating ratio scale of 1 (not good) to 5 (very good). The results of this study indicate that the Liquidity Ratio used, namely the current ratio, is included in the classification of very good. Depreciation expense on principal and interest installments is classified as very good. The activity ratio consists of the time period for collection of accounts receivable which is included in the poor classification, the ratio of earning assets to sales is included in the very good classification, the effectiveness ratio for collecting receivables is included in the very good classification. Finally, the Profitability Ratio from 2018 to 2020 has fluctuated. Overall, the financial performance of PDAM Kabupaten Kupang is classified as unfavorable. Implication: To improve financial performance, companies need to increase working capital which has an impact on operating profit. Furthermore, the Company can use productive assets to generate sales

New South Wales State Government Failure? An Empirical Analysis of the Cootamundra Gundagai Regional Council Forced Merger

Summary at a Glance Under the NSW Government's forced amalgamation program, the Cootamundra and Gundagai councils were merged in 2016. This paper examines the outcomes of the amalgamation by comparing the estimated outcomes prepared by NSW Government agencies and KPMG with the actual outcomes after four years post-merger. It demonstrates that the merger has failed on almost all counts. As part of the controversial local government structural reform program in NSW, the Cootamundra and Gundagai shire councils were forcibly amalgamated into the Cootamundra Gundagai Regional Council (CGRC) in 2016. Various documents and commissioned reports prepared by NSW government agencies, commercial consultants KPMG and the NSW Boundaries Commission Delegate all claimed that significant cost savings and other financial benefits would flow from the consolidated CGRC. Using data from the four post-merger financial years, in this paper we examine these claims against observed financial and operational efficiency outcomes at the CGRC. Three different analyses are conducted: aggregate accounting measures are examined, financial ratio analysis is used for performance comparison, and operational efficiency is estimated through Data Envelopment Analysis. All three analyses decisively demonstrate that the CGRC has not only failed to reap the claimed cost savings and other financial benefits, but its fiscal performance has deteriorated sharply. In sum, the CGRC represents a clear case of NSW state government policy failure.

Analyzing Financial Ratios as Indicators to Measure Financial Performance at PT. Industri Jamu dan Farmasi Sido Muncul Tbk

This study aims to determine the financial performance of PT. Industri Jamu Dan Farmasi Sido Muncul Tbk from 2020-2022 using financial ratio analysis. The financial ratio analysis used includes liquidity, solvency, profitability, and activity ratios. This research uses a descriptive analysis method with a quantitative approach. The outcomes demonstrated that the firm's financial performance as measured by the liquidity ratio was stable., except for inventory to net working capital with an average of 0.26. The solvency ratio is also declared solvable. The condition of the company based on the profitability ratio is not good and the company must take action. The average activity ratio is healthy, except for asset turover with an average of 0,93.

Corporate financial performance in terms of liquidity and profitability

PT. Fastfood Indonesia, Tbk (KFC) in terms of liquidity and profitability based on the corporate financial statements. Assessment of financial performance can be carried out by management by analyzing financial reports. The financial reports are the balance sheet and income statement from 2010 to 2019. One of the analyzes that can be used to determine the state of the company is financial ratio analysis. The data analysis method uses descriptive analysis using liquidity ratio measurements and profitability ratios. The data and information are secondary data obtained from the Indonesian Stock Exchange. Calculating the average liquidity ratio on the quick and cash ratios shows that the company's condition is in good condition. Furthermore, the current ratio shows the company's condition is not good. In contrast, the calculation of the average profitability ratio on return on assets shows that the company's condition is in good condition and the return on equity is as big as indicating that the company's condition is not good.

Kinerja Keuangan PT. Krakatau Steel Tbk Membaik?: Tinjauan Analisis Laporan Keuangan

Financial reports are an accurate information instrument for assessing company performance for investors, companies and the public. PT. Krakatau Steel (Persero), Tbk, is the only state-owned company in Indonesia's steel industry. Thus, the company's status and performance are highly monitored by the government, investors, and the general public because it is a benchmark for the development of the steel industry. Issues related to the company's poor financial performance in several periods made the researchers aim to analyze the performance of the company's financial statements. This research aims to analyze the performance of the company's financial ratios items such as profitability, solvency, activity, liquidity, and profit growth ratios for the 2018-2021 period. The analytical method used in this study is a descriptive quantitative analysis of the company's financial ratios. The results of the study assume that the profitability ratio is in the unhealthy criteria, the liquidity ratio is assumed to be in the unhealthy criteria, the activity ratio is assumed to be in the unhealthy criteria, the solvency ratio is assumed to be in the reasonably good criteria, the growth ratio is assumed to be in the unfavourable criteria in the study period.

FINANCIAL RATIO ANALYSIS TO ASSESS THE FINANCIAL PERFORMANCE OF PT. ANGKASA PURA I (PERSERO)

Assessing the financial performance of a company is important because it can show and measure the extent to which a company's financial condition is through financial statement analysis. Financial statement analysis can be done using several analytical techniques, one of which is financial ratio analysis. This study aims to assess the financial performance of PT. Angkasa Pura I (Persero) using financial ratio analysis. The research method used is descriptive comparative with a quantitative approach. This study utilizes secondary data sources, namely, financial reports for 2018, 2019 and 2020 obtained from the official website of PT. Angkasa Pura I (Persero). The data were analyzed using financial ratio analysis and compared with previous years. The financial ratios used are liquidity ratios, solvency ratios, profitability ratios and activity ratios. The results of the study using the liquidity ratio measured using the current ratio and quick (acid-test) ratio indicate that there is poor liquidity performance from year to year. The solvency ratio as measured by the debt to equity and debt to asset ratios shows that the solvency performance is not good and is increasing every year. Profitability ratios measured using net profit margin, return on equity, return on assets and operating profit margins show that profitability performance is not good and is decreasing every year. The activity ratio shows that activity performance is decreasing as seen from total asset turnover and fixed asset turnover. The four groups of ratios show a declining financial performance from year to year. However, the four ratio groups in 2020 experienced a sharp decline due to COVID-19.

Analisis Laporan Keuangan Dalam Mengukur Kinerja Keuangan Pada PT. Perkebunan Nusantara VI (PTPN VI) Periode 2015-2019

The purpose of this study is to determine the financial performance of PT. Nusantara Plantation VI (PTPN VI). Analysis of PTPN VI's financial ratios from 2015 to 2019. Current Ratio, Quick Ratio, Cash Ratio, Debt To Assets Ratio, Debt To Equity Ratio, Return On Assets (ROA), Return On Equity (ROE), Net Profit Margin (NPM), and Gross Profit Margin (GPM) are all components of financial ratio analysis. The data used in this study is PTPN VI's financial report data from 2015 to 2019. The data analysis method used is the horizontal analysis method, which compares financial reports for several timeframes. Based on data analysis it can be seen that PTPN VI's liquidity ratio, solvency ratio, and profitability ratio indicate that PTPN VI's financial performance is not good or not good and or unsatisfactory in the five years of research.

Laporan Keuangan Sebagai Alat Untuk Mengukur Kinerja Keuangan Pada PT. Starfood Di Lamongan

ABSTRACKTo find out the actual development of a company, it can be seen whether the company's performance is good or not. The purpose of this study is to determine the financial performance of PT. Starfood based on liquidity ratio, solvency ratio, profitability and activity ratio. Analysis of the company's performance which includes the analysis of several financial ratios using a descriptive test. The data collection used in this study is the documentation method. Based on the analysis results: (a) liquidity ratios that the Current Ratio and Quick Ratio from 2017 to 2019 are in a good position, while the Cash Ratio is in a poor position; (b) Judging from the financial performance report of PT. Starfood in Lamongan, it can be seen that the solvency ratio from the results of the Debt Ratio and Debt to Equity is decreasing every year; (c) Stating from the financial performance report of PT. Starfood in Lamongan, it can be seen that the Profitability ratio as a result of the calculation of the ROA and ROE ratio for the 2017 to 2018 period has increased while to 2019 period has decreased. However, NPM and GPM have increased every year and (d) the activity ratio seen in Inventory Turnover, Receivable Turnover, and Total Assets Turnover show a decrease every year. Keywords: Liquidity Ratio, Solvency Ratio, Profitability Ratio, Activity Ratio.

KINERJA KEUANGAN BANK KONVENSIONAL DAN DIGITAL SEBELUM DAN SELAMA PANDEMI COVID-19

This study aims to determine the financial performance of conventional banks, digital banks, and conventional banks with digital services before and during the COVID-19 pandemic. This research is descriptive quantitative research with the data source used as secondary data. The data analysis technique uses financial ratio analysis. These CAMELS factors are classified as the capital ratio, asset quality ratio, management ratio, earnings ratio, liquidity ratio, and sensitivity to market risk ratio. The results show that conventional banks with digital services have the best financial performance compared to the other two types of banks. It can be seen that BCA has the best management, profitability and liquidity performance, while BTPN has the best asset quality and sensitivity to market risk performance. In contrast, as digital banks, Bank Jago and Bank Neo Commerce have the worst financial performance among other banks based on asset quality, management, and profitability performance.

The Impact of Covid-19 on the Profitability and Liquidity of Air New Zealand: Compare with the Whole Airline Industry

As an industry sensitive to changes in external factors, the airline industry has been affected negatively by the Covid-19 outbreak. Global travel restrictions sent shock waves throughout the industry, and Air New Zealand is no exception. This study investigates the impact of Covid-19 on the profitability and liquidity of Air New Zealand and the whole airline industry based on financial ratio and regression analysis. The profitability and liquidity are represented by Operating Return on Assets (OROA) and Quick Ratio. Twenty commercial airlines from around the world were chosen as samples to examine how Covid-19 affected the overall airline industry's profitability and liquidity. This study compares the effects of Covid-19 on their profitability and liquidity in an effort to identify commonalities and variances. The study results show that both liquidity of Air New Zealand and the whole airline industry received a significant and positive impact from the Covid-19 pandemic due to the airline's private remediation measures and government interventions. In addition, the study found that the profitability of Air New Zealand was not received significant and negative impact by the Covid-19 pandemic like the whole airline industry due to the cargo schemes supported by New Zealand and Australia. This study is helpful for airlines and the government to formulate remediation measures and policies to facilitate the recovery of the airline industry. Finally, this study recommended that governments can place orders to airlines to support the recovery of the airline industry. And each airline can diversify its sources of profitability to mitigate the negative impact of Covid-19.

DEA and Financial Ratio Analysis: Efficiency of Power Plants in India – Shareholder’s View

DEA and Financial Ratio Analysis: Efficiency of Power Plants in India – Shareholder’s View

Performance Analysis of Financial Statements of PT. Unilever Indonesia, Tbk.

The purpose of this study is to analyze the financial operations of PT. Unilever Indonesia through an activity analysis of the company's financial ratios for 2020 and 2022. The research method used is a quantitative descriptive method with secondary data collected through library research. The results showed that the financial performance of PT. Unilever Indonesia, Tbk, as measured by financial ratios in the 2020–2022 period. Thus, this research suggests that PT. Unilever Indonesia, Tbk., improve financial, inventory, and accounts receivable management in an effort to improve the company's financial health and sustain the company in the future.